Tuomioja's euro remarks in British newspaper raise eyebrows
Finnish Foreign Minister Erkki Tuomioja has told Yle that the British newspaper The Telegraph placed a misleading headline on an interview with him on the future of the euro. In the article, Tuomioja said Europe must openly face the possibility of a break-up of the euro.
The article quickly became the most-read financial story on The Telegraph's website.
In an Yle radio interview on Friday morning, Tuomioja criticized the title of the Telegraph article as misleading. According to Tuomioja, he only stated what should be clear to everyone.
“In an uncertain situation all ministries consider whether such a thing could happen, that the euro would fall apart,” Tuomioja said on the morning radio programme.
The minister also expanded on his criticism of four eurozone leaders, saying that they had circumvented transparent, normal ways of doing things.
"A red line for us"
In the interview published on Friday, Tuomioja stressed that no one, not even the Finns Party, are advocating a break-up, but that officials in Helsinki have an "operational plan for any eventuality".
Tuomioja also said that the break-up of the euro would not mean the end of the European Union. “It could make the EU function better,” the Foreign Minister added.
The minister was also concerned about the contested status of the European Stability Mechanism (ESM) as senior creditor.
“The ESM loans have priority. That is a red line for us. We are very concerned that the rules of the ESM seem to be changing,” Tuomioja noted.
In another controversial comment in the Telegraph interview, Finland’s Foreign Minister said he did not trust “a gang of four” EU insiders, including the head of the European Central Bank Mario Draghi, who, according to Tuomioja, plan to “ensnare member states into some kind of fiscal union”.
The British paper called Tuomioja’s intervention “"the bluntest warning to date by a senior eurozone minister". This sentiment was also echoed in the title of the article: “Finland prepares for break-up of eurozone”.
Stubb: Not government stance
In response to Tuomioja’s comments, Minister for European Affairs and Foreign Trade Alexander Stubb stressed that Finland is 100 percent committed to the euro.
"The foreign minister's speculation does not reflect the government's position," Stubb told the news agency Reuters.
Earlier this summer, comments erroneously attributed to Finance Minister Jutta Urpilainen that suggested Finland was threatening to leave the euro were widely reported internationally.
Latest in: News
TS: Tens of Finnish-Greek deal documents still unpublished
Many documents in the collateral agreement between Finland and Greece remain unpublished, according to newspaper Taloussanomat. Finland's Supreme Administrative Court had previously ordered that the secret Finnish-Greek deal be made publicly accessible.
New laws bring record number of citizenships
Some 10,000 people were granted Finnish citizenship last year, after amendments to citizenship legislation. The number of citizenship applications is expected to grow year by year.
Oddity of Finnish law – both illegal and legal to ride a bike drunk
According to the law, riding a bicycle while drunk is a serious traffic offense. However, there is no legal penalty because the law does not specify a legal limit to blood alcohol content for cyclists, or for that matter, someone riding a horse.
Former PM: SDP like the Centre of the 70s
Former Centre Party chairman and Prime Minister during the early 90s, Esko Aho, says he sees parallels between the position of the Social Democratic Party today and that of Centre of the 1970s when his party faced the impact of economic change.
Two collisions in Pirkanmaa injure eight, five seriously
Two separate, but nearly identical head-on collisions in Pirkanmaa on Saturday injured eighth people, five of them seriously.
Fake cops steal from tourists
Three men, two posing as policemen, on Friday scammed a group of Brazilian tourists in Helsinki out of several thousand euros.
Pussy Riot members cancel appearances, whereabouts unknown
Weekend performances in Helsinki by two members of the Russian political performance group Pussy Riot, as well as scheduled interviews, were cancelled on Saturday. According to a web posting on the group's site late in the day, the two had no intention of performing in Helsinki. Organizers say otherwise.
STX Turku begins building TUI cruise liner
STX Turku had something to celebrate for a change, as the construction of a cruise liner for the German shipping company TUI kicked off at the shipyard.
Greens gather for party convention
This weekend, the Green League is holding its party convention in Helsinki and Espoo. Ville Niinistö will continue at the helm of the party.
More younger people, women and foreigners caught drink-driving
A new study shows an overall decline in driving under the influence -- and a change in the profile of those involved.
